Re:How the Maker of TurboTax Fought Free, Simple Tax Filing
by ScottWhigham on Tuesday March 26, 2013 @11:18AM
(#5443836)
That's what my guess was. In that environment then, a government system clearly works well. I wish I had stats about how many US tax returns have deductions - I'd assume it's close to 100%.
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Re:How the Maker of TurboTax Fought Free, Simple Tax Filing
by mjn on Tuesday March 26, 2013 @12:23PM
(#5444321)
It's actually 35%, if you don't count people who file with just the standard deduction. While technically a "deduction", the standard deduction is pretty dead-simple to compute. It only gets more complicated if you're taking itemized deductions, and that's about 1/3 of taxpayers (though that's still a high proportion of itemized filers compared to many countries).
Source: http://taxfoundation.org/article/most-americans-dont-itemize...
Re:How the Maker of TurboTax Fought Free, Simple Tax Filing
by ScottWhigham on Tuesday March 26, 2013 @03:15PM
(#5445428)
Excellent - I should've chosen "itemized" and then, of course, the percentage is lower than 100%. Thanks for the link - good info.